According to a recent survey by Way2News, India’s largest vernacular news app, 65% of respondents believe electric two-wheeler models are expensive, 57% believe two-wheelers are unsafe, and added that safety concerns might negatively impact EV sales in India.
In Andhra Pradesh and Telangana, a survey was conducted last week among Telugu-speaking users of the Way2News APP. We asked a number of questions about electric vehicles to understand the general perception of people in the state.
Among the topics covered in the survey were affordability, efficiency, how much consumers are willing to spend, and how recent incidents have changed consumer behavior.
India’s transportation sector consumes 18% of its total energy consumption. By 2030, India will require 200 MTOE- Mega tonnes of oil equivalent to meet its energy needs. The current demand for crude oil is met mainly by imports, making this sector vulnerable to fluctuations in international crude oil prices. Furthermore, the sector emits 142 Million tonnes of CO2 annually, of which 123 Million tonnes are from road transport alone.
The Government of India committed at the COP21 Summit in Paris to reduce emissions intensity by 33-35% by 2030 from 2005 levels. It is therefore imperative to introduce alternative means in the transport sector that can be paired with India’s rapid economic growth, rising urbanisation, travel demand, and energy security.
Electric mobility is said to help balance energy demand, energy storage, and environmental sustainability. Several initiatives have been taken in India to promote the manufacture and adoption of electric vehicles.
Is India Ready to for electric two-wheelers ?
About 97.5% of all-electric vehicles sold in India are two-wheelers, indicating that the two- and three-wheeler segments are particularly strong.”
There have been several encouraging measures taken by the national and state governments since the pandemic began. Additionally, the government has incentivized the deployment of e-buses and charging stations.
Telangana has exempted the first 200,000 two-wheeler EVs from road tax and registration fees, while Gujarat will offer subsidies to students who buy two-wheeler EVs, rickshaw drivers, and self-employed people who buy three-wheeler EVs. In 2020, Delhi introduced a progressive EV policy, including incentives based on battery range and category.
Measures are promising, but they need to be streamlined and coordinated between the National, state, and local administrators (cities).
An optimum policy framework and incentives are needed.
In order to improve its EV adoption and position as a value chain participant, India must attract more private investment. Investor interest is growing. The right policy framework and incentives are needed to encourage EV investment in India. Faster Adoption and Manufacturing of Electric Vehicles (FAME) is a good start. The program was launched in 2015 to encourage EV adoption and to encourage manufacturers to build EVs in India.
Challenges to an electric future
The country faces challenges such as high prices of electric vehicles, especially four-wheelers, battery production capabilities, electricity consumption, charger compatibility, improper charging locations, and a lack of robust electrical charging infrastructure.
Among the challenges facing the country are high prices of electric vehicles, especially four-wheelers, battery production capabilities, electricity consumption, charger compatibility, improper charging locations, and a lack of robust electrical charging infrastructure.
- The initial investment for setting up an EV charging station is quite high. EV charging infrastructure must meet certain requirements, such as proper location, land, the right vendor, grid power stability, power remittance, charger types, cables, and other accessories.
- EVs in India face range anxiety as one of their biggest challenges. Owners of electric vehicles worry that their batteries aren’t sufficiently charged to reach their destination.
- In India, the high price of EVs is another concern since they are much more expensive than conventional fuel-powered vehicles. EVs are priced the same as their counterparts, so people are hesitant to purchase them.
- Electric vehicles are prone to catching fire, which is a concern. There have been several incidents involving electric vehicles that have raised serious safety concerns. Voltage fluctuations, over-current, frequency mismatch, and ground faults are the main concerns.
The Indian government and stakeholders are pushing for the adoption of electric vehicles to spur the growth of the EV sector in India.
Way2News survey shows more than 57% of people don’t think electric 2-wheelers are safe.
Way2News, India’s #1 vernacular news app, conducted a survey in Telangana and Andhra Pradesh to demonstrate its commitment to responsible journalism, revealing that most people (57%) do not believe electric two-wheelers are safe. This is an initiative to find out how people view the current EV scenario and if these isolated incidents have changed their minds. However, EVs can reduce air pollution and act as a catalyst for a more sustainable future.
There were 1,50,886 respondents in the survey from the two Telugu states, and it examined current trends in the electric vehicle (EV) segment, perceptions of people about EVs, and other related topics. Over 92.5% of those surveyed live in small towns and rural areas, while the remaining are from tier 1 and tier 2 cities.
According to the respondents, electric 2-wheelers are expensive, but they would consider them if the prices were lower.
75.9% of the 1,14 lakh people surveyed said that the recent fire accidents involving electric two-wheelers would negatively impact their sales in the long run.
According to the latest figures, e-two-wheeler sales declined by about 1% in April compared to March. The Federation of Automobile Dealers Associations of India (FADA) reported that 49,166 electric two-wheelers were sold in April, a decrease from 49,642 units sold in March. The increase in sales in April of this year was 858 percent over the same month last year, a record high.
A surprising two-thirds of participants believe electric vehicles are the future. More than 55% of respondents said they would rather buy an EV from an existing two-wheeler manufacturer than from a new one.
About two-thirds of respondents said that e-scooters were expensive.
Most respondents are interested in models that cost less than Rs 50,000. A total of 71,000 respondents are interested in buying electric two-wheelers priced below Rs 50,000. Over 59,000 people are interested in buying electric two-wheelers priced between Rs 50,000 and Rs 80,000, while 14,000 people will opt for electric two-wheelers priced between Rs 80,000 and Rs 1 lakh. Although only 5,648 people expressed interest in buying electric two-wheelers over Rs 1 lakh, the survey found.
Most people want electric vehicles with a longer range. About 66,000 people said electric two-wheelers should travel more than 200 kilometers on a full charge.
Blog Contributors – Karthik, Balaji and Khadir Hussain.
Blog Drafted & Compiled by Ravi Vaka, Chief Strategy Officer, Way2News
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